PHOTO: The parcel of undeveloped land is bizarrely empty among the high rises lining Surfers Paradise beach. Source: News Corp Australia

In a prime spot, metres from the golden sand of Surfers Paradise beach, is an empty parcel of land that’s been oddly vacant for decades.

Sitting awkwardly among the high-rises on the Esplanade in bustling Surfers Paradise, the 7558sq m site is flat and empty.

It could be used for accommodation, restaurants or shops, but for two decades, its wealthy owner has simply sat on it, doing nothing to develop it.

For years it’s been a source of bemusement on the Gold Coast — a sizeable piece of prime real estate, with great potential, in one of Australia’s biggest tourist towns.